Litecoin LTC/USD ends the trading week at 58.73 and continues to move as part of the correction and the bearish channel. Moving averages indicate a bearish trend, which remains quite strong, prices could not break through the area between the signal lines. At the moment, we should expect an attempt to fall and test the support area near the level of 42.15. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 115.05.
Litecoin Forecast and Analysis November 18 — 22, 2019
An additional signal in favor of the growth of LTC/USD quotes in the current trading week November 18 — 22, 2019 will be a test of the ascending trend line on the relative strength index (RSI). Cancellation of the growth option Litecoin will be a fall and a breakdown of the area of 37.05. This will indicate a breakdown of the support area and a continuation of the fall in the LTC/USD rate and a fall below the level of 25.05. Confirmation of the growth of cryptocurrency will be a breakdown of the upper border of the downward channel and closing quotes above the level of 76.45.
Litecoin Forecast and Analysis November 18 — 22, 2019 suggests an attempt to test the support area near the level of 42.15. Then, continued growth to the area above the level of 115.05. An additional signal in favor of Litecoin growth will be an uptrend test on the relative strength index (RSI). Cancellation of the rise option will be a fall and a breakdown of the area of 37.05. This will indicate a continued fall in cryptocurrency with a target below the level of 25.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link. After registration, send the account number via the form.